Deal Details
FlexXray Is Acquired by Warburg Pincus and Tilia
Summary
FlexXray (the “Company”), a portfolio company of Levine Leichtman Capital Partners (“LLCP”), was recently acquired by Warburg Pincus, LLC (“Warburg Pincus” or the “Firm”) and Tilia Holdings (“Tilia”). Terms of the transaction were not disclosed.
Baird served as a financial advisor to FlexXray on this transaction.
About
FlexXray is a leading provider of x-ray inspection services focused on food safety. The Company assists Fortune 100 food manufacturers with regulatory compliance and food safety issues by identifying and removing foreign contaminants. Hundreds of manufacturing plants throughout North America rely on FlexXray's expertise and customer service to salvage valuable products when contamination events occur in the normal course of the food manufacturing process. FlexXray was founded in 2001 and is headquartered in Arlington, Texas.Levine Leichtman Capital Partners is a middle-market private equity firm with a 38-year track record of investing across various targeted sectors, including franchising, professional services, education and engineered products. LLCP utilizes a differentiated Structured Private Equity investment strategy, combining debt and equity capital investments in portfolio companies. This unique structure provides a less dilutive solution for management teams and entrepreneurs, while delivering growth and income with a significantly lower risk profile. LLCP's global team of dedicated investment professionals is led by seven partners who have worked at LLCP for an average of 22 years. Since inception, LLCP has managed approximately $12.3 billion of institutional capital across 15 investment funds and has invested in over 90 portfolio companies. LLCP currently manages $8.8 billion of assets – including its most recent flagship fund, Levine Leichtman Capital Partners VI, L.P., which closed in 2018 with $2.5 billion of committed capital. LLCP is headquartered in Chicago, Illinois.
Warburg Pincus LLC is a leading global private equity firm focused on growth investing. The Firm has more than $60 billion in private equity assets under management. The Firm’s active portfolio of more than 200 companies is highly diversified by stage, sector, and geography. Warburg Pincus is an experienced partner to management teams seeking to build durable companies with sustainable value. Founded in 1966, Warburg Pincus has raised 19 private equity funds, which have invested more than $90 billion in over 930 companies in more than 40 countries. The Firm is headquartered in New York, New York with offices in Amsterdam, Beijing, Berlin, Hong Kong, Houston, London, Luxembourg, Mumbai, Mauritius, San Francisco, São Paulo, Shanghai, and Singapore.
Tilia is a private investment firm focused exclusively on building distinctive middle-market companies that provide outsourced, technical services across the global food and nutrition supply chain. Through an interdisciplinary approach to investing, Tilia partners with companies providing technical business services that support leading and emerging CPG brands. Tilia's investment team has complementary skills across operations and finance and provides expertise in scaling and growing middle-market companies. Tilia's deep sector focused strategy is a successful approach to investments that spans almost three decades and approaches each investment as a steward by employing a consistent set of principles to improve capital across four dimensions: brand, human, social and financial. Tilia is headquartered in Chicago, Illinois.
CONTACT US TO LEARN MORE
- Date
- August 2021
- Company
- FlexXray
- Transaction
- M&A - Sellside
- Sectors
- Industrial
- Verticals
-
Testing, Inspection, Certification & Compliance ("TICC")
- Target Geography
- North America
- Acquiror Geography
- North America
Share
